Question:

Which bank has the best one-year fixed deposit/GIC/etc low-risk investment rate?

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As I'm going to be out of the country for a year, I'm looking to park my money in a fixed deposit, GIC or some other low-risk investment option with guaranteed returns. Does anyone know which bank has the best interest rate for what I'm looking for? I'm new to this and very overwhelmed by the amount of info I'm getting from the banks.

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2 ANSWERS


  1. Premium Money Market Fund, only worth a few percent a year, but liquid as cash at any time, useable to buy stocks at my bank at a moments notice.  It is what I do until I find something better.


  2. Just invest in a bank CD or better a US Treasury Bond. No federal taxes on US Treasury.

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